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Extra Census Bulletin.
No. 95. WASHINGTON, D. c. October 13, 1894.
STATISTICS OF FARMS, HOMES, AND MORTGAGES.
OWNERSHIP AND DEBT IN WEST VIRGINIA.
DEPARTMENT OF THE INTERIOR,
Census Office,
Washington, D. C, September 28, 1894.
Sir:
The leading results of the investigation of farm and home proprietorship in West Virginia for 1890, conducted
by Special Agents George K. Holmes and John S. Lord, are contained in this bulletin. In regard to farms, the
conclusion is that 26.42 per cent of the farm families hire and 73.58 per cent own the farms cultivated by them ;
that 12.98 per cent of the farm owning families own subject to incumbrance and 87.02 per cent own free of
incumbrance. Among 100 farm families, 26 hire their farms, 10 own with incumbrance, and 64 without incumbrance.
On the owned farms there are liens amounting to $4,825,337, which is 32.22 per cent of their value, and this debt
bears interest at the average rate of 6.19 per cent, making the average annual interest charge $41 to each family.
Each owned and incumbered farm, on the average, is worth $2,060. and is subject to a debt of $664.
The corresponding facts for homes are that 63.66 per cent of the home families hire and 36.34 per cent own
their homes ; that of the home owning families SI. 06 per cent own free of incumbrance and 18.94 per cent with
incumbrance. In 100 home families, on the average, 64 hire their homes, 7 own with incumbrance, and 29 without
incumbrance. The debt on owned homes aggregates $2,788,623, or 34.89 per cent of their value, and bears interest
at the average rate of 6.34 per cent, so that the annual amount of interest to each home averages $40. An
average debt of $631 incumbers each home, which has the average value of $1,809.
There are 3 cities in the state in the class of those having a population of 8,000 to 100,000, and in these cities
66.37 per cent of the home families hire and 33.63 per cent own their homes, and of the home owning families
22.19 per cent own with incumbrance and 77.81 per cent own free of incumbrance. In 100 home families, on the
average, are found 66 that hire their homes, 8 that own with incumbrance, and 26 that own without incumbrance.
The liens on the owned homes are 35.07 per cent of the value of those subject to lien. Several averages show that
the rate of interest is 6.25 per cent ; value of each owned and incumbered home, $2,818 ; lien on the same, $988,
and yearly interest charge on each home, $62.
Real estate purchase and improvements, when not associated with other objects, caused 77.97 per cent of the
farm families to incur 72.66 per cent of the farm debt and 81.44 per cent of the home families to incur 74.67 per
cent of the home debt.
■ Very respectfully,
CARROLL D. WRIGHT,
Commissioner of Labor in charge.
The Secretary of the Interior.
C. O. P.— 4m
FARMS, HOMES, AND MORTGAGES.
Table 1.— NUMBER AND PERCENTAGE OF FAMILIES OCCUPYING OWNED AND HIRED AND FREE AND INCUMBERED
FARMS AND HOMES: 1890.
CIVIL DIVISIONS.
Aggre-
gate.
FAMILIES OWNING.
Families
hiring.
PERCENTAGE OF
FAMILIES OWNING
AND HIRING.
PERCENTAGE OF
FAMILIES OWNING
FRF.E AND INCUM-
BERED OF TOTAL
OWNING FAMILIES.
PERCENTAGE OF
FAMILIES OWNING
FREE AND INCUM-
BERED OF TOTAL
OWNING AND HIR-
ING FAMILIES.
Total.
Free.
bered.
Owning.
Hiring.
Free.
Incum-
bered.
Free.
bered.
The State
140,359
79,369
67,678
11,691
60,990
56.55
43.45
85.27
14.73
48.22
8.33
48,763
18,915
7,272
4,419
20,122
40,868
73.58
36.31
26.42
63.66
87.02
81.06
12.98
18.94
64.03
29.46
9.55
64,202 23,334
6.88
10,571
789
7,016
33.63
66.37
77.81
22.19
26.17
7.46
1,793
1,698
7,080
100
139
550
1 ,325
1,040
4,651
26.10
38.75
34.31
73.90
61.25
65.69
78.63
78.88
77.36
21.37
21.12
22.64
20.52
30.56
26.54
5.58
658
2,429
519
1,879
8.19
7,77
Rest of state (for homes)
53,631 ! 19,779
16,149
3,630
33,852
36.88
63.12
81.05
18.35
30.11
6.77
Table 2.— VALUE OF FARMS AND HOMES OCCUPIED BY OWNERS AND INCUMBERED AND AMOUNT AND PERCENTAGE
OF INCUMBRANCE THEREON: 1890.
OWNERSHIP AND DEBT IN WEST VIRGINIA.
Table 3.— AMOUNT OF ANNUAL INTEREST CHARGE AND AVERAGE VALUE, INCUMBRANCE, ANNUAL INTEREST
CHARGE, AND ANNUAL RATE OF INTEREST FOR FARMS AND HOMES OCCUPIED BY OWNERS AND INCUMBERED :
1890.
CIVIL DIVISIONS.
Average
value of
each
Dcum-
jered farm
or home.
Average
each farm
or home.
Total
annual
interest
charge.
Average
annual
interest
charge on
each farm
or home.
Average
annual
interest.
The State
81,965
8651
8175,631
841
6.25
2,060
1,809
661
631
298,884
176.717
41
40
6.19
6.34
Three cities (for homes)
2,818
988
48,709
62
6.25
2,907
2,388
2.911
884
711
1,077
6,411
6,557
35,801
6t
47
65
7.25
6.61
6.05
1,589
553
127,978
35
6.37
Table 4:.— PERCENTAGE OF FAMILIES OCCUPYING OWNED AND INCUMBERED FARMS AND HOMES AND OF AMOUNT
OF INCUMBRANCE THEREON, BY RATES OF INTEREST: 1890.
Under 6 per cent ..
6 per cent
7 per cent
8 percent
6 to 8 per cent, inc
Over 6 per cent....
Over 8 per cent....
Over 10 per cent...
Over 12 percent...
THE STATE.
FOR HO
MES IN
CITIES OF
8,000 TO
100,000 PEOPLE.
For ft
rms.
For homes.
For
For
For
number
For
number
For
number
For
of
amount.
of
amount.
of
amount.
families.
families.
families.
3.40
3.66
3.85
3.97
6.08
5.58
80.12
81.11
74.29
70.77
72.62
73.78
2.38
3.14
4.14
5.84
4.56
1.49
5.83
4.89
6.22
7.06
5.96
6.84
89.72
92.35
90.29
91.91
88.34
91.15
16.48
14.93
21.86
25.26
21.30
20.61
6.88
3.99
5.86
4.12
5.58
3.27
0.93
0.50
0.88
0.64
0.89
0.22
0.18
0.24
0.43
0.18
0.64
0.19
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